Jana Flagship Down Double-Digits

Oct 24 2008 | 10:06am ET

Activists have not been immune to the drubbing hedge funds have taken in recent month, and Jana Partners is no exception.

The New York-based firm has done better than many hedge funds, but has still been battered by the collapse in oil prices, Bloomberg News reports. Barring a major turnaround, the firm, headed by Barry Rosenstein, is facing its first-ever down year since its founding in 2001.

The firm’s $4 billion flagship, the Jana Master Fund, is down 14.7% this year, according to Bloomberg. The fund’s investors are used to the other kind of double-digit return; Jana Master had posted an annualized return of 20.9% prior to this year.

Two other Jana funds have not fared as badly, but still find themselves in the red. Jana Nirvana is down 8.9% through Sept. 30, and Jana Piranha is down 3.1%.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...

 

From the current issue of